US and China Meet for Trade Talks in London

A New Round of Talks Aimed At Resolving The Trade War Bethene The US and China has Started in Central London.

A senior US delegation Including Commerce Secretary Howard Lutnick Met Chinese repreciation Such as Vice Premier and Lifeng at Lancaster House to Resolve Tension The World’s Two Economies, which is Threatetening Global Growth.

Chinese Exports of Rare Earths, Which Are Crucial for Modern Technology, As Well As Beijing’s Access to US Products, Including Computer Chips, Are Expectted to Be High on the Agenda.

Last Month, Washington and Beijing Aggreed A Temporary Truce Over Trade Tariffs But Each Country Has Since accused the Other of Breaching the Deal.

The US Says China Has Been Slow to Release Exports of Rare Earth Metals and Magnets Who Are Essential for Manufacturing Everynding from Smartphones to Electric Vehicles.

Meanwhile, Washington has restricted China’s Access to US Goods As Semiconductors and Other Related Technologies Linked to Artificial Intelligence (AI).

The new round of negotiations follows a Phone Call BetWeen Donald Trump and China’s Leader Xinping Last Week Which the US President described As a “Very Good Talk”.

The call – the first between the two leaders of the trade War erupted in february – “Resulted in a very posing conflict for bot Countries”, Trump Said.

Acciting to Chinese State News Agency Xinhua, XI Told Trump that the US SHOULD “WITH DOGATIVE MEASURES IT HAS Taken Against China”.

White House Economist Kevin Hassett, WHO Leads the National Economic Council, Told CNBC on Monday That He Was Expecting “A Short Meeting” That Waled End in a “Big Strong Handshake”, with the two sides aggreeing to the Ease Barriers in this Critical Areas.

“Our Expectation is that that is the handhake, immediately after the handhake, any export control from the US will be eased and the raarers will be releassed in volume and then we can go back to negotiating Samer Matters,” Said.

But he acknowledged that the us is experted to the preserves on some of the Most Advanced Computer Chips.

The Inclusion of Lutnick in this Week Meeings with China is “A Welcome Addition”, Accounting to Swetha Ramachandran, Manager at Artemis, Since “Behind the Very Harsh Export Controls to China”.

She Told the BBC’s Today Program: “Some of the Focus Certainly SEEMS to be on Rare Earths Where China, of Course, Has Dominance in Terms of Production.

“They Mine 69% of the Rare Earths Globally that are quite essential to technology development in the US I think there are Enough chips on the table times that COULD MAULD IT ACCEPTABLE FOR BOTH TO WALK AWAY WITH OUTCOMES.”

As well as Lutnick, the US Treasury Secretary Scott Bessent and Trade Representative Jamieson is Meeting Chinese Officials in London.

When Trump Announced Sweeping Tariffs on Imports from A Number of Countries Earlier This Year, China was the hardest hit. Beijing Responded with Its Own Higher Rates on US Imports, and This Triggered Tit-For-Tat Increasses that Peaked at 145%.

In May, Talks Held in Switzerland Led to A Temporary Truce That Trump Called A “Total Reset”.

It Brought US Tariffs on Chinese Products Down to 30%, while Beijing Slashed Levies on US Imports to 10% and Promised to Lift Barriers on Critical Mineral Exports. It gave both sides a 90-day deadline to try to reach a trade deal.

But the US and China have SINCE CLALIMED BREAACHES ON NON-TARIFF PEDGES.

GREER SAID CHINA HAD FAILED TO ROLL-BACK Restrictions on Exports of Rare Earth Magnets.

Beijing Said US Violations of the Agreement Includd Stopping Sales of CHIP Design Software to Chinese Companies, Warning Against Chips Made by Chinese Giant Huawei and Cancecelling Visas for Chinese Students.

On Saturday, the Chinese Ministry of Commerce Said It Had Applicated Some Applications for Rare Earth Export Licensees, Although it did not provide details of which country involved.

Trump Said on Friday that XI HAD AGREED TO RESTART TRADE IN RARE Earth Materials.

But Speaking on Sunday, Mr Hassett Told CBS News That “Those Exports of Critical Minerals Have Been Releassed at A Rate Is, You Know, Higher than It Was, but High As We Believe to In Geneva”.

Prior to talks with the us, he met uk chancellor rachel reeves on sunday where premier said and the uk should maintaine and deepen communication and cooperation acroSon Economics and finance, accorting to a state broadcaster CCTV.

China wants to budild a new Embassy at Royal Mint Court, A Building Complex Close to the City of London Who is Home to the Uk Financial Industry. Beijing Bought The Site In 2018.

The US Has Reportedly Raised Concerns About the Proposed Embassy’s Proximity to Sensitive Infrastructure Underpinning Banks and Institutions.

The uk is in talks to finalis an aggrement with the US Over Tariffs, which must be signed by 9 July or British Exports of Steel Face Higher Taxes when they Reach Americans.

Economists have warned that Trump’s Trade Policy Will Impact the Global Economy.

The Organization for Economic Co-Operation and Development Said It is Expected Worldwide Economic Growth to Be A “Modest” 2.9%, Down from A Previous Forecast of 3.1%.

It blamed a “Significant” Rise in Trade Barriers and Warned That “Weakened Economic Prospects Will Be Felt Around the World, With Almost No Exception”.

New Data Release by Bejing on Monday Showed China’s Exports in May Were Lower than Analysts Expped.

China’s exports in dollar terms increted by 4.8% Compared to the Same Time Last Year.

At the Same Time Imports Dropped by 3.4%, which was much worse than the 0.9% fault predicted.